24 October 2011

INEOS ABS announces open offer ::Angel Broking,

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INEOS ABS announces open offer
On October 22, 2011, INEOS ABS announced an open offer to acquire a
maximum of 29,31,920 shares, representing 16.67% of the voting capital of the
company at a price of `606.8 per share. We had recommended the stock at a
price of `559 with a target price of `702. On account of the offer the stock is
currently under review.

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